"Barney's will also have to hire an independent anti-profiling consultant," Sanders reports, "and the retailer will have to implement new record-keeping measures to spot profiling and keep track of interactions with local law enforcement."

The nine-month investigation began after two black customers said they were falsely accused of credit card fraud after shopping at Barneys last year.

"State Attorney General Eric Schneiderman's investigators heard from customers and former employees that a pattern of racial profiling began last year when the high-end store tried to crack down on a dramatic spike in shoplifting and credit card fraud.

"Complainants told Schneiderman's civil rights division that the store's security team — known as the 'loss prevention unit' — made a habit of keeping watch over black and Hispanic shoppers in disproportionate numbers."

Schneiderman said the agreement will "correct a number of wrongs," according the Daily News, "both by fixing past policies and by monitoring the actions of Barneys and its employees to make sure that past mistakes are not repeated."

In a statement, Barneys New York said it was "a truly progressive company that has absolutely no tolerance for discrimination of any kind."